After lengthy negotiations, US President Joe Biden’s infrastructure renovation and development plan was put on track on Wednesday. He took a step in the Senate in a preliminary vote, with 17 Republicans joining the Democrats.
This means that elected officials will be able to start debating, but the text is still far from being definitively adopted. It is nothing less than an investment program ‘as we only see once in a generation’, announced the White House.
The plan provides for $ 550 billion in new federal money and reaches $ 1.2 trillion – the equivalent of Spain’s 2020 gross domestic product – if one takes into account the reorientation of other existing public funding.
This pharaonic amount must ‘create well-paid and unionized jobs, respond to the climate crisis, make the economy [américaine] more sustainable and fairer for decades to come, ‘according to a White House statement.
The government announces ‘historic’ investments in public transport, roads, bridges, drinking water, high-speed Internet. They are funded by the reorientation of some emergency funding, by targeted contributions from companies, by more efficient taxation of cryptocurrencies and by ‘other measures’ supported by both parties.
‘This deal shows the world that our democracy is working, producing results and doing great things,’ Joe Biden said in a statement, writing about an agenda that can ‘transform America and propel us into to come up’.